New Construction: This senior community was constructed as an alternative to Single Room Occupancy structures in the Central Business District. 80% of the residents must be 55 years or older. The Terraces is a gated community which includes a courtyard garden with a gazebo and a recreation room for meetings and social functions.
Completion Date: 1994
Location: 1615 O Street
Developer: Hank Fisher Properties and Herb Krumpe
Architect: Herb Krumpe
General Contractor: Krumpe-Fong Construction Company
Unit Count:
59 – Studios (300 SF)
1 – 1BR/1BA
Total Units: 60
Affordable Housing: All 60 units are set at affordable rates
Total Building Area: 25,600 SF
Acres: 0.59 Acres
Dwelling Units per Acre: 102 DUA
Parking: 24 spaces
Development Costs: $2,713,482
Sources of Financing:
Low Income Housing Tax Credits (LIHTC)
Sacramento Housing and Redevelopment Agency (SHRA)
Rental Information: Call (916) 448-1580